Is there a regulatory requirement to have deal memo's or do LPs require to see them for investments that are made?
May 03, 2023
This is the industry standard, as it allows you to memorialize why you do a deal. Deals often take many years to create liquidity, and it is important to be able to analyze your decision making process many years in the future.
They are not required. However, Limited Parrners do expect them and often ask to see them.